Revenue eBrief No. 095/25
06 May 2025
Participation exemption for certain foreign distributions
Tax and Duty Manual Part 35-02-11 has been published to provide guidance on the participation exemption for certain foreign distributions in section 831B TCA 1997.
The participation exemption was introduced by Finance Act 2024 and allows companies to claim an exemption from corporation tax on certain distributions made by foreign subsidiaries on or after 1 January 2025.